Direct Deposit FAQ
The Student Accounts office offers direct deposit as a more convenient means of providing refunds to students. Direct Deposit is more secure and faster than a paper check.
- Prior to writing any checks or attempting to withdraw funds, you should contact your financial institution to verify your refund has been deposited.
- You are responsible for repayment if you receive money that you are not entitled to.
- If you take any action which results in non-acceptance of a transfer by your financial institution, Montana State University assumes no responsibility for processing a replacement refund until the funds are returned.
- Login to BannerWeb/MyInfo
- Select Electronic Billing & Payment
- Select the term you are enrolled in
- Scroll down and select the QuikPAY button
- On the left hand side choose “Manage Refunds”
- Select green “Manage My Refund” button
- This takes you to the Student Choice Refund page. Follow the prompts to complete set up.
- Login to BannerWeb/MyInfo
- Select Electronic Billing & Payment
- Select the term you are enrolled in
- Scroll down and select the QuikPAY button
- On the left hand side choose “Manage Refunds”
- Select green “Manage My Refund” button
- Click “Edit Refund Method” and update your information.
The deposit of financial aid funds will be credited to your bank account typically 3-4 business days after the refund is processed on your student account.
The account must be a checking or savings account located in the United States.
Your bank will reject the deposit if you close your account or provide the incorrect account number.
A direct deposit notification will be sent to the email provided during Direct Deposit enrollment.
No, direct deposit information remains on file until you choose to deactivate it.
No, funds must be deposited into 1 bank account however, you may choose any checking or savings account.